Do you have 1 million saved for retirement? May not be enough.

[HughBeaumont]

96. The financial planning industry is loaded with over-assuming brightsiders . . .

. . . that ignore charts and articles like this:



http://www.washingtonpost.com/blogs/wonkblog/wp/2012/07/31/wages-arent-stagnating-theyre-plummeting/

"Brightsiders" and the whole "Brightsiding" industry revolves around a philosophy that gives the overlords who are suppressing us at every turn a free pass and instead, turns tables and insists that it's YOU who's the problem. It's rooted in victim blaming without even once examining the reasons WHY we can't save, without even examining the reasons WHY we have no extra money.

Financial planning of any kind depends on a great deal of factors which you aren't touching upon. Economies can be just as favorable to a certain sector at any given time just as they can be unfavorable to others. The average Joe cannot prognosticate the future of the stock market or a company in even a hot sector. They don't know terms like "short" or when to do it, if it even works. If I have my own business, no one has to like what I sell. Studies show that tech giants were all born in the same time period. It's very possible that their initial crucial first years were met with no landmines, personal or business.

To discount luck in a person's success is being silly and borderline facetious. But the real reasons workers cannot save is that, for the past 33 years, workers either aren't that well compensated to begin with or didn't start early enough (the "shoulda/woulda/coulda" victim blamer's favorite "go-to"s) that the 401k could even work as a supplement when retirement hits.

What works for you is not going to work for anyone else, but you keep insisting that it will and when someone tells you why it cannot, you're all "THAT's not MY problem".